Metrobank 1 Year Time Deposit

Website: http://www.metrobank.com.ph

Authority: The 'Metropolitan Bank and Trust Company' or Metrobank is a major Philippine bank with 752 branches across the country. It is a member of Philippines Deposit Insurance Corporation and was created in 1962. 

How to open a Metrobank Time Deposit:

- New and existing customers of Metrobank can open this time account by visiting a physical Metrobank branch location. You can find the closest branch by using their 'branch finder' tool and search by province and either city, town or municipality.  

- You can also call them for further information including:

Customer Care (Monday - Friday): 898-8701, 898-8702

24/7 Contact Center Hotline:  8700-700, 1-800-1888-5775 (provincial areas) 

Information on Metrobank 12 Month Time Deposit Interest Rates:

Similar to other Philippine banks, the rate of return for Metrobank Peso one year time deposit interest is highly influenced by the BSP (Bangko Sentral ng Pilipinas). In addition other factors include bank regulations, liquidity, banking costs, funding requirements as well bank competition for deposits. For example a bank may try to attract deposits to increase its deposit mix of domestic deposits for more stability as funding costs may escalate when try to access wholesale funding in volatile market conditions. Also these rates tend to be higher than more liquid checking account / savings accounts.

The time deposit td interest rate below applies for a term between 182 - 364 days and

The following interest rate is applicable for the term period between 62 - 178 days and the amount 20MM & Higher 

Bank Name	Product	Term	Currency	Rate	Updated	URL
Metrobank	time deposit	1 year	PHP	1.375%	May, 2013

Compare 1 year rates with other Philippine banks

Bank Accounts		Interest	Difference
PNB 1 Year Time Deposit		3.125%	1.75 %
Allied Bank 1 Year Term deposit		2.375%	1 %
UnionBank 1 Year Time Deposit		1.8500%	0.475 %
BDO 1 Year Time Deposit		1.500%	0.125 %
Metrobank 1 Year Time Deposit		1.375%	0 %
LANDBANK 1 Year Time Deposit		1.25%	-0.125 %
BPI 1 Year Time Deposit		1.125%	-0.25 %

The rate of 1.375% is 0.43% lower than the average 1.8%. Also it is 1.75 % lower than the highest rate.

Compare other Metrobank rates

Company	Account Name	Term	Update	Interest
	Metrobank 1 Year Time Deposit	1 year	May, 2013	1.375%
	Metrobank 6 Month Time Deposit	6 month	May, 2013	1.375%
	Metrobank 3 Month Time Deposit	3 month	May, 2013	1.125%